Memorandum to Client: Funding and Administering Third-Party Special Needs Trust (IL) | Practical Law

Memorandum to Client: Funding and Administering Third-Party Special Needs Trust (IL) | Practical Law

A Standard Document that counsel can give to a client after establishing a third-party special (or supplemental) needs trust (SNT) under Illinois law. This memorandum gives the trust creator, or settlor, important information and instructions regarding the SNT, including how to fund the SNT and the trustee's duties in administering the SNT.

Memorandum to Client: Funding and Administering Third-Party Special Needs Trust (IL)

Practical Law Standard Document w-000-3017 (Approx. 14 pages)

Memorandum to Client: Funding and Administering Third-Party Special Needs Trust (IL)

by Practical Law Trusts & Estates
MaintainedIllinois
A Standard Document that counsel can give to a client after establishing a third-party special (or supplemental) needs trust (SNT) under Illinois law. This memorandum gives the trust creator, or settlor, important information and instructions regarding the SNT, including how to fund the SNT and the trustee's duties in administering the SNT.